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Friday: ECB holds, but set to cut twice more in 2024

The ECB holds its official interest rates and markets see an 80% chance it will be able to cut again in September. US stocks edge lower with ongoing …

1 year, 8 months ago

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Thursday: Nasdaq hit by Trump comments

The Nasdaq is down almost 3%, especially its chip stocks, after Donald Trump said Taiwan should pay for its own defence. New Zealand’s soft inflation…

1 year, 8 months ago

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Wednesday: Strong US retail sales can't dent rate cut bets

Stronger US retail sales do little to dent September rate cut hopes. Gold hit a fresh high overnight. New Zealand inflation is being watched for sign…

1 year, 8 months ago

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Tuesday: US stocks rise on Trump bets

US stocks and the dollar firmed in the first day of trading after the assassination attempt on US Presidential candidate Donald Trump. China’s GDP gr…

1 year, 8 months ago

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Monday: Safe havens eyed after Trump assassination attempt

Markets are focused on safe havens after the assassination attempt on former President Trump. China’s exports are set to soften as US demand wanes. I…

1 year, 8 months ago

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Friday: CPI fall thumps Treasury yields & US$ lower

US inflation was much softer than expected overnight, which shunted down Treasury yields and the US dollar. Rates were held in Korea, but with a dovi…

1 year, 8 months ago

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Thursday: NZD tumbles on RBNZ 'pivot'

Ahead of US June CPI data tonight, market bets are firm for a September cut by the Fed; The New Zealand dollar tumbles as markets see the Reserve Ban…

1 year, 8 months ago

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Wednesday: Powell cites inflation progress, but wants more

US markets stick with September rate cut bets after the Fed Chair delivers ‘something for everyone’ in Senate appearance; Australian consumers are mo…

1 year, 8 months ago

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Tuesday: Markets wait on Powell, US CPI

Global markets are treading water this morning ahead of Congressional testimonies from Fed Chair Jay Powell and US CPI numbers. Meanwhile in Australi…

1 year, 8 months ago

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Monday: Expectations growing that Fed can cut in Sept

Global stocks begin the week at record highs after soft US jobs data boosted hopes the Fed will cut in September. European markets are on tenterhooks…

1 year, 8 months ago

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